Registry Trust's County Court Judgment (CCJ) data has been featured in the Guardian in a piece about planned lifting of the repossessions ban in the UK.
With CCJs on our Register of Judgments, Orders, and Fines increasing by 82,000 in the final quarter of 2020, and some Covid-19 support such as payment holidays, being wound down, there are calls for a debt relief package amidst concerns that vulnerable consumers are at risk of being chased for debts at an already challenging time.
Mick McAteer, the chair of the Registry Trust, said the government interventions had clearly been effective in protecting vulnerable households hit by the “economic shock wave” of the Covid crisis. However, he said he did not expect judgments to rise so soon and by so much.: “I hope this isn’t a harbinger of much worse to come for vulnerable consumers,” McAteer said.
He added: “The economy and household finances are still very vulnerable to Covid effects. Moreover, even when the economy recovers, households will not be out of the woods. Government, regulators, the financial services industry, creditors, and civil society organisations will have their work cut out to support vulnerable households and help them rebuild their finances. There is no time to lose.”